What happened Silver and gold stocks soared higher in Wednesday afternoon trading. Here is where shares of three mining companies stood as of of 12:20 p.m. ET: Hecla Mining (NYSE: HL) is up 12%. First Majestic Silver (NYSE: AG) is passing 12.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Outpacing the modest 0.70% rise in the price of gold so far today, shares of Harmony Gold Mining (NYSE: HMY) are looking a lot more lustrous in investors' eyes. Shares of the South African gold miner were up 9.9% as of 12:37 p.m. EST on Thursday. Reporting gold production of 413,714 ounces in the first quarter of 2022, Harmony achieved a 32% year-over-year increase thanks to higher gold grades and metric tons milled, which contributed to improved production at several sites.